Repricing of Options. As soon as practicable after each sale of any of the Shares to the Investor, the exercise price of all option agreements held by current employees and current directors of the Company will be changed to the figure equal to (i) the aggregate purchase price that was paid for all shares of Series A Preferred issued to the Investor prior to the date of determination (whether or not all such shares are then outstanding) divided by (ii) the aggregate number of shares of Series A Preferred that were issued to the Investor prior to the date of determination (whether or not all such shares are then outstanding).
Repricing of Options. No representation or covenant shall be deemed to be breached in the event that the Company effectuates a repricing of any options previously issued pursuant to a stock option plan in accordance with the terms therewith as a result of the receipt by Holder of any Warrant; provided, however, that under no circumstances shall such repricing result in an exercise price less than the Warrant Share Price.
Repricing of Options. Notwithstanding any other provision in the Plan to the contrary, without approval of the Company’s shareholders, an Option may not be amended, modified downward or repriced to reduce the exercise price of any previously granted Option after the Date of Grant or take any action that would be treated as a repricing under the rules of any national securities exchange on which the Stock is then listed, quoted, or traded. Except as otherwise provided in Section 4.4 with respect to an adjustment in capitalization, an Option also may not be surrendered in consideration of or exchanged for cash, other Awards or a new Option having an exercise price below the exercise price of the Option being surrendered or exchanged.
Repricing of Options. Within the limitations of the Plan, applicable law and listing requirements, the Committee may effect, at any time and from time to time, with the consent of any adversely affected Participant, (i) the reduction of the Exercise Price of any outstanding Option under the Plan or (ii) any other action that is treated as a repricing under generally accepted accounting principles, in each case without stockholder approval; provided, however, that no such reduction or action may be effected if it is determined, in the Company’s sole discretion, that such reduction or action would result in any such outstanding Option becoming subject to the requirements of Section 409A.
Repricing of Options. Prior to the Effective Time, IntelliPrep may reprice the Options, provided, however, that (i) after any such repricing, the product of the Option exercise price multiplied by the Exchange Ratio shall not be lower than the average of the closing price of the Click2learn Common Stock for the ten trading days prior to the Effective Date and (ii) no Option shall be repriced if the Option holder has not waived any rights arising out of the Merger to accelerate the vesting of such Option.
Repricing of Options. In the event TAWC reprices any employee stock options during the two year period after the Termination Date, XXXXXX'X stock options shall receive the same repricing treatment.
Repricing of Options. The exercise price of all Options (as defined in the Prior Agreement) you received under the Prior Agreement shall adjusted (the “Repricing”) to an amount equal to the fair market value of the Company’s Class A Common Stock as determined by the Compensation Committee of the Board (the “Compensation Committee”) and/or the Board on the date the Compensation Committee and/or the Board approve and/or ratify the Repricing, provided that you agree to enter into and execute any documents, including amendments to or modifications of your Option Agreements (as defined in the Prior Agreement) requested by the Company necessary to facilitate the Repricing. Your Options shall continue to vest as follows: If you remain a full-time employee of the Company in good standing, on January 1, 2009, 14.3% of the Options shall vest. For each month thereafter, so long as you remain a full-time employee of the Company in good standing, 1/84th of the Options shall vest such that your Options would be fully vested if you are still a full-time employee of the Company in good standing on January 1, 2015.
Repricing of Options. The Company shall exchange all outstanding ---------------------- options held by the employees listed on Exhibit F, attached hereto, for new --------- options exercisable for Common Stock at a price per share of $0.02. The new options shall be subject to four year vesting in equal monthly installments.
Repricing of Options. The 1996 and 1997 Stock Option Plans were amended on December 21, 1998 to provide for the exchange and repricing of all the outstanding options held by current Company employees, except the President and CEO, for new options exercisable at a price lower than that of the cancelled options, bearing the same exercise term. The exercise price for the repriced options equaled $1.00, which was higher than the $0.625 per share closing price of the Company's Common Stock on the date of grant.
